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What happens when subscription credit lines turn sour

SocGen’s dispute with some Abraaj LPs over an unpaid facility could have far-reaching consequences for the fund finance industry.

Abraaj: a test case for broken credit lines

Defaults on subscription credit facilities have been a rarity; Abraaj’s unwinding will provide useful insight into how these scenarios play out.

The inevitable policy response to climate change

It is highly likely investments made now will be exited in a world with vastly different regulation around climate change. Private equity firms should take note, write Debevoise's Simon Witney and Wendy Miles.

This may be the start of the SEC’s focus on allocation

The regulator will be monitoring firms that manage both mutual funds and private funds to check for allocation conflicts. PE firms should take note.

AICPA to release final version of valuation guide in May 2019

One of the guide’s authors expect it to help improve the valuation process and be useful for regulators and auditors.

SEC enforcement unit continues to lose staff, raising concerns on PE oversight

The Enforcement Division has lost 10 percent of its staff over a two-year period.

Europe: Home of the no-fault divorce clause

US funds often offer a no-fault suspension of the investment period, which is relatively rare in European funds, according to a report from MJ Hudson.

Triton appoints compliance head after incumbent pivots to ESG – exclusive

Moana Moore joined as partner with responsibility for compliance oversight and money laundering reporting on November 6.

Four letters that spell responsibility

The Senior Managers and Certification Regime will revamp the structure and culture of private equity firms in many ways, valuations being one

5 steps to securing your PE firm’s data

Private equity firms with limited resources can take measures without spending heavily to ensure that their data is protected, writes Phil Chambers.

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